21 banks in Chongqing promote cross-border financial services through blockchain platforms

According to Xinhuanet reports, the State Administration of Foreign Exchange launched the pilot work of the cross-border financial blockchain service platform in March 2019. As of April 20, 21 banks in Chongqing have handled a total of USD 6.34 billion in trade receivables for export receivables through a blockchain platform, facilitating cross-border payment of USD 350 million in service trade.